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A 20-year mortgage requires payments of $1409.88 per month at an interest rate of 5.8% compounded monthly. a) To the nearest dollar, what was the

A 20-year mortgage requires payments of $1409.88 per month at an interest rate of 5.8% compounded monthly. a) To the nearest dollar, what was the amount of the mortgage? b) What is the outstanding balance of the mortgage after 12 years?

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